What is Crypto pre-market? How does pre-market work?

in hive-183397 •  26 days ago 

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Assalamu Alaikum

How are you all? I hope you are all doing well. Today we will find out what is pre-market? And how it works, so let's start without delay, Currently, every day before the coin is listed in the pre-market, A few days ago, the world's largest Binance exchange and every exchange like them also started the pre-market, When a coin is launched in a new market, before that, those coins are bought and sold in the pre-market, And this is called the pre-market, and how the pre-market works, let's start, To buy and sell in the pre-market, you have to follow many rules and regulations, Suppose that you are a Buyer, If you want to buy a new coin equal to $ 100 from the pre-market, then you have to deposit $ 100 in that exchanger, then you have to lock it in the pre-market, and the seller has to follow the same rules, the one who sells will also lock $100,

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Because until now the coin company has not published TGE (Token Generation EVENT),
The Seller may be Working on an airdrop of that token, or investing, etc.
When he gets the token, the Seller will deposit it on the Exchange, then settle it,
In simple terms, after the Token Allocation, the Seller will transfer it to you, if the Seller does not transfer the Token, then the locked $ 100 will automatically go to your wallet,
Now it is often seen that when a $ 100 token comes to the market, it becomes $ 500,
Then the Seller does not think about $ 100, there is no problem even if it goes away, he still has a profit of $ 400, so many people do not get the coin even after a certain time after buying a Pre-market coin,
And if the Buyer does not respond after a TGE, his locked $ 100 will be transferred,

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The pre-market is very risky, currently we are noticing that the price that is in the pre-market, when the coin is listed in the market, that price is not there,
And the main reason behind this is, There are no investors and there is not much liquidity due to which the price of coins is not that good,

So I think the pre-market is a very risky market,
It is better for no one to invest in these,
So I hope you understand the matter, I am ending here today, stay well, Allah Hafez

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This is a nice post about pre-market. Pre market is a good investment sometimes. Nice analysis

Well-Come Brother,